Question 8

A good example of entrepreneurial frugality is:

A. Purchasing used office equipment and machinery
B. Providing cell phones for all employees
C. Leasing more space than is immediately necessary
D. Leasing an expensive company vehicle

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Question 9

Which of the following is true about a company's culture?

Companies cultivate cultures to unite employees and influence behaviors. Strength lies in fostering innovation, while rigidity can hamper adaptability.

Explanation:

Companies need culture to create a shared identity, values, and norms among employees, fostering teamwork and guiding behaviors.

Strength: A culture that encourages innovativeness and adaptability can enhance a company's performance and competitiveness in high-tech industries.

Weakness: A culture characterized by stability, rigidity, and a resistance to change can hinder a company's ability to innovate and adapt to market demands.

Learn more about Company Culture and its Impact here:

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